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CoreWeave: Investment

Asked by Iqbal MohamedIndependentDepartment for Science, Innovation and TechnologyTabled Answered 26 March 2026UIN 119685

The question

To ask the Secretary of State for Science, Innovation and Technology, whether the investment by CoreWeave relates to (a) new construction of datacentres, (b) equipment purchases and (c) leasing space in existing datacentre facilities.

Answered by Kanishka Narayan

The Government does not publish commercially sensitive details about how individual companies structure their investments. CoreWeave has publicly signalled its intention to scale operations in the UK, supported by the AI Opportunities Action Plan and the AI Growth Zones programme. Decisions on construction, equipment procurement or leasing arrangements are for the company. Government engagement focuses on enabling the right conditions for investment, including access to power, planning support and a clear regulatory framework.

Where important investment announcements and commitments are made, Government will continue to work closely with those companies to ensure the delivery of those investments. Government will continue to work with local authorities, regulators, and industry to help unlock barriers to AI infrastructure development across the UK.

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